210 Opal,Newport Beach, CA 92662
Newport Beach, CA 92662
Description
210 Opal Ave, Balboa Island - Turnkey Duplex with Three Ways to Win Rarely does a Balboa Island property offer this much flexibility. This charming, timeless duplex can be delivered fully vacant at close. a blank slate for however you want to use it. The front house is a single-story, 3-bed, 2-bath unit with an open-concept kitchen, dining, and living space, vaulted ceilings, and abundant natural light. It's fully furnished, features new flooring throughout, and offers direct access to a two-car garage. It also holds an active short-term rental permit. one that has historically generated approximately $45,000 in gross income across 3 months of June, July, and August alone. Recent upgrades include a brand-new bright white shower in the guest bath, an updated master bath, and full replacement of the original cast-iron drain lines with ABS. The rear unit has been tastefully remodeled with twin bedrooms opening to a light-filled kitchen and living area that spills onto a private rooftop balcony. Perfect for catching ocean breezes, now enhanced by a brand-new mini-split system and whole-house fan. New flooring and a clean, contemporary tile bath complete the space. How you use it is up to you: -Owner-occupants can settle into the 3-bed front house and lease the rear unit to help offset carrying costs. -Investors can run the front house as a proven short-term rental while placing a long-term tenant in the rear unit for income on day one. -Visionaries can hold the property for cash flow while pursuing entitlements and permits for a brand-new build on one of Newport Beach's most desirable islands. However you choose to play it, this is a rare opportunity to own a cash-flowing asset on Balboa Island with a clear path to even greater upside. Don't miss it.
Details
| MLS # | SC26185227 |
|---|---|
| Listing Type | For Sale |
| Style | Duplex |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1935 |
| Days On Site | 20 |
| Listing Provided By | Hayes Commercial Group, Inc. | Nolan Tooley |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 2,024 |
| Garage | 2 |
| Story(s) | 2 |
| Units | 2 |
| Acreage | 0.06 |
| Property View | Yes |
Interior
| Cooling | Ductless, Heat Pump, Whole House Fan |
|---|---|
| Heating | Fireplaces, Heat Pump |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Interior Features | Balcony, Ceiling Fans, Cathedral Ceilings, Separate Formal Dining Room, Furnished, Recessed Lighting, Tile Counters, Main Level Primary |
| Appliances | Dishwasher, Gas Oven, Gas Range, Refrigerator |
| Fireplace Yes / No | Yes |
Exterior
| Roof | Shingle |
|---|---|
| Lot Features | Two To Five Units Acre |
Parking
| Attached Garage Yes / No | Yes |
|---|---|
| Parking Features | Garage |
| Garage Yes / No | Yes |
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Storm Drains, Sidewalks |
|---|
Area Information
| State | CA |
|---|---|
| County | Orange |
| City | Newport Beach |
| Zip Code | 92662 |
| Area | NP Balboa Peninsula |
| Community Name | N/A |
| Listing VS Median (in N/A) | |
Price: $3,750,000 low | high Med: $840,900 sqft: 2,024 low | high Med: 1,577 $ / sqft: $1,853 low | high Med: $533 On site: 20 low | high Med: 90.5 | |
Market Activity 92662
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Learn More About This Property
| State | CA |
|---|---|
| County | Orange |
| City | Newport Beach |
| Zip Code | 92662 |
| Area | NP Balboa Peninsula |
| Community Name | N/A |
| Listing VS Median (in N/A) | |
Price: $3,750,000 low | high Med: $840,900 sqft: 2,024 low | high Med: 1,577 $ / sqft: $1,853 low | high Med: $533 On site: 20 low | high Med: 90.5 | |
